2030 Water Resources Group Africa (IFC-600830)

Countries
  • Kenya
  • South Africa
  • Tanzania
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 27, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Governments of Kenya, South Africa and Tanzania
The holder of the loan, grant, or other investment.
Sectors
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 2.45 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 2, 2017

Disclosed by Bank Jun 8, 2016


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Project Description
This program aims to reduce the water demand-supply gap in select countries in Africa, currently focusing on South Africa, Tanzania and Kenya. The success of this program will be assessed against: - New instruments/solutions catalyzed through Multi Stakeholder Platforms (MSPs) and under implementation through third-parties - Partnerships: MSPs operational with established governance - Knowledge Development: Development of robust and scientific data and info, incorporating hydro-economic cost-, benefit- and risk-based analysis, to guide the development of solutions Instruments/solutions will include the launch of new financial products and structures (including via PPPs and other models), new third-party projects (e.g. for new technology uptake), and the enactment of policies, regulations, incentives, and institutional/governance reforms. Impacts will vary by country according to the specific solutions prioritized by the MSPs, but will always fall within the following four physical impact categories: - Reduced fresh water abstraction (cubic meters/ year) - Increased cost-effective water storage (cubic meters) - Increased agricultural water productivity (project level production ($)/ m3 used) - Reduced discharge of untreated waste water / polluted water (cubic meters/ year)
Investment Description
  • International Finance Corporation (IFC)
Contact Information
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